New priority approval procedures for Class II medical devices – those whose use is deemed to require a degree of professional supervision – have been adopted in the Shanghai municipal area. Details of the procedures, which came into effect on 1 September this year, were released by the Shanghai Municipal Food and Drug Administration. More

The State Council has called for the further reform of Beijing’s services sector. Following its 11 July session, the Council emphasised the need for sustained efforts to reduce market access restrictions in the major services sectors, while highlighting the importance of deepening the reform of the foreign investment management system and accelerating the promotion of trade facilitation with regard to the services sector. More

Start-ups often view going international as a way to increase sales and lower production cost. However, they soon find out that each international market is unique and most of the time customers do not behave as predicted. Their attempts to enter international markets are hindered by not factoring in sufficient resources for complete market research or an effective international marketing strategy. More

With aging population, growing medical and healthcare demands are expected in the next decades. The trend has encouraged the use of biotechnology applications for better human health and living. Some promising biotech companies have begun to emerge in Hong Kong in recent years, due to conducive government policies. Such biotech start-ups offer hope of better prediction, diagnosis and treatment of various kinds of diseases. More

In Hong Kong, there is an apparent rise in enthusiastic attempts in academia to commercialise scientific and technological research results. For instance, Oper Technology has developed an effective stem cell-based treatment for Parkinson’s disease, which has already won 24 awards locally and internationally. Another company, Cathay Photonics, has won the Grand Prize at Geneva Invention Show. More

Several amendments to the current Regulations on the Supervision and Administration of Medical Devices have been issued by the State Council. Primarily, these updates relate to the statutory permissions required for the installation of large medical equipment and the relevant departments with responsibility for their use and management. More

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